The Internal Revenue Service collects taxes every quarter for selling of specific commodities such as gasoline. Besides, there being excise taxes individuals in the U.S have to file city taxes to report their income or property. Although, most individuals and businesses would be aware of the differences between the two tax returns but, those filing either of the taxes for the first need to have a clear understanding of both the taxes to make the filing process smooth. Additionally, e filing is better than paper filing, as this saves time also adding ease. Read below to learn how both the taxes are different. Continue reading Know the Differences between Excise Tax and City Tax
Category Archives: Federal Excise Tax Electronic Filing
Explaining Part II in IRS Excise Tax Form 720
Filing excise tax return is no child’s play and involves several processes starting from understanding to filing the taxes. Excise tax form 720 engages several categories i.e. Part I, Part II, and Schedule A, T, and C. Speaking about the Part II available in IRS form 720, it involves several aspects such as ‘patient centered outcomes research fee’, ‘health insurance policies’, and ‘fishing equipment’. Reading this blog can help in a better understanding of the tax returns involved in the U.S federal excise tax return. Continue reading Explaining Part II in IRS Excise Tax Form 720
Taxexcise.com – The Ultimate Service Provider for Tax Preparers
If you are a tax preparer and want to grow your business, then read this blog to know how.
With every tax filing season approaching near handling the paperwork is not easy. Additionally, this can give room to errors with less chances of submitting accurately filed excise tax returns. To grow your business and create a positive impression on your clients there are IRS authorized e-file service providers. It is advisable to do research and rely on the right e-file service provider. Continue reading Taxexcise.com – The Ultimate Service Provider for Tax Preparers
Know More about The Patient-Centered Outcomes Research Fee
After the passage of authorization by Congress, the ‘Patient-Centered Outcomes Research Institute’ conducts several researchers to find out effective ways to prevent, diagnose, and treat diseases. To meet the funds required for doing the researchers, the Congress set up the patient-centered outcomes research fee, which is a part of the other health measures passed under the ‘Patient Protection and Affordable Care Act of 2010’. In this blog, we shall discuss more about the fee imposed by the IRS. Continue reading Know More about The Patient-Centered Outcomes Research Fee
Don’t Let Procrastination Be The Reason For Delayed Tax Filing
You thought you had enough time but suddenly realize that you are nearing tax deadline. Time’s running out! Either you have to do it now or file for a 6 months extension. Whatever it may, it adds to tension and stress. Procrastination – the act of being lazy and postponing important tasks, is one of the possible reasons. Read on to find answers to learn effective ways to get rid of procrastination.
Filing tax return is not a liability but a responsibility. Moreover, paying taxes on time makes us the responsible citizens of our country, also preventing from paying interests and penalties to IRS. Remembering the tax deadlines along with managing work and family is never an easy task. However, there is no need to press the panic button but keep yourself relaxed. Procrastinating is one of the major reasons why many tax payers miss on their tax deadline and if you are on the list, then it is the right time to take necessary precautions. Its better you know your weaknesses and preparing yourself in advance can avoid making it a habit.
If you prefer filing tax returns through post, then it is good to file when ahead of time. For those who procrastinate may end up filing interests and penalties. Although, e-filing is a suitable option but even filing on-line at the 11th hour can bring in troubles. This is because; there are increased chances of making errors with less time for rectifying them. Therefore, stop procrastinating taxpayers and take action immediately.
Procrastinating your tax deadline is just a way to add to complication you might come across on the tax filing day. Yes, you have the option to file an extension but that doesn’t save you from paying tax return. Additionally, if you tend to miss your tax deadline the first time, then there are chances of missing it the next time too. To prevent procrastination, taxpayers are advised stay connected with the useful features and stay updated. Taxexcise.com, a leading e-filing service provider helps its customers by sending email alerts.
Another interesting way to shun procrastination when paying taxes is by staying connected with social media websites such as twitter and facebook where it is easy to stay connected with the tax related announcements or You Tube, the platform offering useful and tax tips. In addition, taxpayers need to follow healthy practices such as preparing a to-do list, understanding the priorities, and maintaining notes.
E-filling is the safe and convenient way to pay taxes on-line. We at taxexcise.com help taxpayers have a safe and hassle-free tax filing experience. Reach us 1-866-245-3918 to share your experience to help us serve you better.